OctaFX | OctaFX Forex Broker
Open trading account

Wall Street closes higher on strong US employment data

The US stocks market finished the week with a strong note following the better than expected nonfarm payrolls data and unemployment rate. S&P closed near to record high an the Dow set a new all-time high 14,413.17. Both Dow and S&P 500 extended winning run to 6th session.

The DJIA added 67.58 points or 0.47% to finish the day at 14,397.07 and to plot 2.2% weekly gains. The S&P 500 advanced 6.92 points or 0.45% to close at 1,551.18 with 2.2% weekly gains. And the Nasdaq gained 12.28 points or 0.38% to end the week at 3,244.37, 2.3% above Monday opening.

Session Recap: USD rises on strong US data, EUR/USD tests 1.2960 again

The USD was the winner of the day as the Greenback traded higher against its major competitors fueled by strong US employment data. The government reported the US economy added 236,000 new jobs, against 160,000 expected, while the unemployment rate fell to 7.7%, 5-year low, from 7.9% the previous month.
Read more Previous

Forex: The Dollar joins risk appetite on US strong data; EUR/USD closes at 1.3000

Another winning day for the Dollar in other clue that the Greenback is becoming a pro-risk trade. The USD was fueled by the strong employment data in the US and contrary to the last year's negative correlation between equities and Dollar, the USD rose beside Wall Street.
Read more Next
Start livechat